Form 4: Centene Corp Executive Kenneth Fasola Reports Stock Transaction

Kenneth Fasola, President of Centene Corp, reports disposition of shares for tax purposes following vesting of restricted stock units.

Summary

• On July 4, 2024, Kenneth J Fasola, President of Centene Corp, reported a transaction involving Centene common stock.
• 14,291 shares were disposed of at a price of $66.76 per share to cover tax obligations upon the vesting of restricted stock units.
• Following the transaction, Fasola directly owns 286,066 shares of Centene common stock.
• This includes 207,096 shares of previously-granted restricted stock units and performance stock units (reported at target level performance) subject to vesting requirements.
• Fasola also holds phantom stock representing the right to receive the fair market value of 3,605.628 shares of Centene common stock, which will be settled in cash or other non-Company securities upon termination or election.

Sentiment

Score: 5

Explanation: The sentiment is neutral as the filing simply reports a routine transaction related to executive compensation and tax obligations.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency into the transactions of company insiders, allowing investors to track executive compensation and ownership changes.

Stakeholder Impact

• The transaction has a minimal impact on stakeholders as it is a routine sale of shares for tax purposes and does not indicate a change in the executive's long-term commitment to the company.

Key Dates